Canadian Economic Contribution

The Canadian oil and natural gas industry provides economic benefits to all Canadians.

We are active in 12 of Canada's 13 provinces and territories. While many people have heard of the oil sands in Alberta, there are less well-known projects across our country. For example, there are three producing offshore oil projects in Newfoundland and Labrador, with another project coming on stream in 2017. There are two producing gas projects offshore in Nova Scotia – Deep Panuke and the Sable Offshore energy Project. In Manitoba, the Sinclair Field and the application of horizontal hydraulic fracturing has helped provincial oil production almost triple since 2006.

Body Canadian Oil and Natural Gas Canadian Economic Contribution Economic Impact Map Oct 16

Canada's oil and natural gas industry is the single largest private sector investor in the country, forecast to invest $45 billion in 2017, which is down from a peak $81 billion in capital projects in 2014. We have contributed an estimated $12 billion* to government revenues in the form of royalty payments, land payments (bonus payments) and corporate and municipal taxes, ensuring all Canadians benefit from our responsible resource development.

Capital Investment in Canada's Oil and Natural Gas Industry 2017

All of this means important contributions to our Canadian economy and labour force. Right now, our industry accounts for more than 500,000 direct and indirect jobs across Canada, and that number is expected to grow.

Safety is at the foundation of all our work. Our industry is committed to protecting the health and safety of our employees and the public.

*Average contribution from 2014-2016 

Canadian Energy Research Institute (CERI) data on our economic contribution

  • An Assessment of the Economic and Competitive Attributes of Oil and Natural Gas Development in Quebéc

  • Canadian Oil Sands Supply Costs and Development Projects (2015-2035)
  • Western Canada Crude Oil Forecasts and Impacts (2015-2035)
  • Western Canada Natural Gas Forecasts and Impacts (2015-2035)